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Sixfigurecapital

NZD/USD - Bullish 5-0 + GOLDEN RATIO X3Hello traders! I am SUPER excited about this set up. I have been keeping an eye on this since markets opened this week. We are looking at a bullish 5-0 on the 4H chart with NZD/USD. Given the Fibonacci measurements at C point, it has been measured to the GOLDEN RATIO not only once...not twice...but THREE TIMES! I usually never trade this pattern down unless the first 4 measurements of a 5-0 match a shark pattern, but you cant ignore confirmation like this. I'll be trading this pattern down until it hit D point (0.7010), closing profit and following it up with a long position back up to (0.7200). The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
Long
by cdschultheis15
2
AUD/NZD - Bullish BatWhat's up everyone, here we have AUD/NZD with a bullish bat pattern on the 4h chart. Excellent opportunity with over 1:3 risk to reward. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 (price closed below the 50% but I would still consider the structure valid) C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 The D point aligns with the daily trendline which has proven to be a key pivot point in the market, I'm expecting price to stall out upon completion. I hope you all have a great week!
Long
by LewisGlasgow
14
Siacoin - Price StructureToday we have SC/BTC on the 15m chart, as there is not a lot of data for this asset, however, a lot of individuals have asked my opinion about this cryptocurrency and I'd like to give you all a brief overview. As you can see price is creating several key areas of support and resistance which we can use to our advantage. Currently, price is trading in between 340 and the trendline , if support holds and we manage to stay in this zone we will see a break of the trendline followed by a big move up! If we see a break of support price will drop to the zone below, trading between 340 and 290. A close below 290 would see price drop to lower levels. Siacoin is currently a part of my portfolio, they have excellent potential long term. Now taking a look at the 1h chart below, I would pay close attention the area between the 0.382 and 0.618 retracement levels, price seems to be reacting at these levels. A close above 0.382 would be a good confirmation for a move up. Price is currently creating lower highs and lower lows, we need to break the previous high to see a big move up. The main purpose of this post is to highlight the key price structure within the market. If you want more trading inspiration, connect with me below.
Long
by LewisGlasgow
34
Crude Oil - Change of DirectionInteresting setup on the daily chart for USOIL which appears to be trading within a descending channel, price recently broke a solid support trendline which had been holding for around 12 months. It will be interesting to see if price respects this structure going forward. The main purpose of this post is to highlight the key price structure within the market... Refer to this chart whether you're going long or short. Feel free to connect with me on social media :)
TVC:USOILShort
by LewisGlasgow
14
NZD/USD - Bearish Shark + Bullish 5-0 + CONFLUENCE + DOUBLE PLAYMAJOR CONFLUENCE HERE TRADERS! I am super excited about this set up! Today, we have a bearish shark and a bullish 5-0 on the 4H chart with NZD/USD. Sharks and 5-0s compliment each other, given the similar Fibonacci measurements. The bearish shark is already completed and running in profit. We can look to sell this one down to the 50% retracement to about the 0.6900 level. That will then complete the D point on the bullish 5-0. We can close out our short position and open a buy order. REMEMBER: Set your STOP LOSS accordingly. DO NOT risk more than 1-2% of your account. Set up like this are HUGE on growing your account and profiting on both ends. Risk/Reward Ratio - 1:4 The measurements for a valid shark are detailed below. C: 1.13 - 1.618 D: 1.618 - 2.24 Final X to D: 0.886 - 1.13 Risk/Reward Ratio - 1:3.55 The measurements for a valid 5-0 pattern are detailed below. B: 1.13 - 1.618 C: 1.618 - 2.24 D: 0.50
by cdschultheis15
1
EUR/USD - Bearish Bat - 500+ PIPS!!Hello, traders! Today, we are looking at a bearish bat on the 1D chart with EUR/USD. Price made its way to D point last week and has been stalling for a few days. With the market opening back up just barely in profit, this trade is looking good to enter! For fundamental confluence, today being a holiday (Memorial Day), we should see the USD gain strength. Risk/Reward Ratio - 1:4 The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886
Short
by cdschultheis15
1
USD/CHF - Bullish Gartley + Trend ChannelHappy Memorial Day from here in the USA, traders! Great set up to open up the week! Here, we are looking at a bullish gartley on the 4h chart with USD/CHF. Price has been spending the last few days stalling at D point, which is also at the bottom of the current trend channel. For fundamental confluence, the USD should be gaining strength today since it is Memorial Day. People love to celebrate and spend their money. Time to place your trade and set you stop loss accordingly! The measurements for a valid gartley pattern are detailed below. B: 0.618 C: 0.382 - 0.886 D: 1.272 - 1.618 Final X to D: 0.786
Long
by cdschultheis15
NZDCAD ShortHi guys, today we have a near-perfect gartley on the 1hr chart of the NZDCAD. The pattern is just as well on the 4hr but price is very volatile and the movement can be more clearly justified in the 1hr. Now, as volatile a pair as we are presented with, price is consecutively making lower highs- which can be seen vividly on the 4hr and even daily chart (after the spike). Digging deeper, if we move outward to the weekly chart, we can clearly see that the area between our X and D co-ordinates have proved to be key resistance in the past. Bearish Gartley, lower highs and key resistance- in that order all across 3 timeframes. Look below to see the bigger pictures; I will post them in order from lowest to highest time frame. Minimum 1:2 R:R as always, I will be looking enter this as soon as the market opens. Praying for no gaps! Gartley ratios: B: 0.618 C: 0.382-0.886 D: 1.272-1.618 xD: 0.786
Short
by KyleMcQuade
CAD/CHF- Harmonic confluence- 4 hour chartGood evening guys, here we have CAD/CHF having formed a bullish Bat and a bullish AB=CD patter on a 4 hour chart. Great trading opportunity with a risk reward of over 1:3 The valid measurements for a bat pattern are B: 0.382-0.5 C:0.382-0.886 D:1.618-2.618 X-D: 0.886 I expect a strong reversal here and for support and resistance to be broken. Have a good evening people, this trade was found on behalf of my good friend Lewis, connect with him here: www.tradingview.com
Long
by MichaelCollins18
CAD/CHF - Harmonic ConfluenceHello traders, here we have CAD/CHF with a bullish bat and bullish AB=CD on the 4h chart. Excellent opportunity with over 1:3 risk to reward. I'm looking for a second entry on this move. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 Final X to D: 0.886 The D point completes on a level of daily support (chart is shown below), price is currently stalling on this level and I'm expecting an aggressive reversal. Feel free to connect with me on social media :)
Long
by LewisGlasgow
46
GBPCAD - Bearish Bat - Four Hour - Double OpportunityHi Guys, Here we have a valid Bearish Bat on the GBPCAD Four Hour. Price is currently heading to 'D' point in a parallel channel. When it reaches, there is an excellent 1:2 risk to reward opportunity. In the meantime, price has broken all resistance levels in the current price swing, it is consistently performing in the upward channel. Therefore, once it touches the upward trend-line, providing it doesn't breakout I will be looking at long position. Do let me know of any thoughts or feedback. Thank You! V
Short
by Atomic_Pips
STR/BTC - Cryptocurrency Space Race To MoonStellar Lumen is a rocket for good reason...It's on it way to the moon. Price is now bursting through the triangle, and heading for the the final price levels before the major explosion. It may flirt in the channel between 0.00003380 and .00002880 before making it big LAUNCH. We are in the midst of a cryptocurrency BOOM! With the radioactivity and uncertainty that Ripple has created from its explosion in price, people are looking to take there profits and reinvest. Where else better to invest than its competitor?
SLong
by cdschultheis15
5
Stellar - Pressure is BuildingHello traders, following up from my price structure post for STR/BTC (chart is shown below), I have now spotted a bearish three drives pattern indicating a move up to 3670. Price completed the 2nd price drive at 1.56 and we're now in the middle of the 3rd price drive which I am currently capitalising on. As shown below price is currently consolidating between 2900 and the trendline, the maximum length of time we can stay in this area is 3 days. A clear break and close above 2900 will see price heading towards the high at 3100, from there we will analyse further for a move up to 3670. I don't expect to short this pattern, this is just additional analysis to back up the price move to 5000. Thank you all for your continued support, feel free to connect with me on social media :) Don't forget to join the Stellar Telegram group: @StellarLumens
SLong
by LewisGlasgow
92
AUDCAD - Bullish Shark - Four Hour - UpdateHi Guys, Further to my earlier Bullish Shark pattern on the AUDCAD Four Hour, this chart contains some additional confluence and a potential increase on the already good 1:2 Risk to reward. Price has been travelling in an upward channel for the past year. It has only broken the 0.50 resistance once in the past year. Currently heading towards 'D' point of the shark and to the bottom of the channel. We have have two upward breakouts of the channel. If price reverses at 'D' point or after we could be looking at a third potential breakout and higher returns. Do let me know of any thoughts. Thank You! V
Long
by Atomic_Pips
AUDUSD - Bullish Shark - Daily - Double OpportunityHi Guys, Here we have a valid Bullish Shark on the AUDUSD Four Hour with an excellent 1:2 Risk to Reward ratio. Confluence Key points: Highs - Three touches on a downward trend Lows - Two touches on an upward trend. Third on Upward trend should be in the PRZ for the Shark. Currently touching the 0.50 resistance level. Second opportunity! If price bounces off of the 0.50 resistance level, I will be going short until Shark completion, excellent 1:3 Risk to reward. Please do let me know of any thoughts or feedback. Thank You! V
Long
by Atomic_Pips
EURAUD - Bearish Cypher - Four Hour Hi Guys, Here we have a valid Bearish Cypher on the EURAUD Four Hour with an excellent 1:2 Risk to Reward. I decided to re analyse following my earlier EURAUD Bearish Shark (Linked below). The shark was taken from an 18 month high, this cypher is from the one year high. With the Euro's bull seemingly running out of steam this one looks more likely. I will be watching that PRZ very closely. Please do let me know of any thoughts or feedback. Thank You! V
Short
by Atomic_Pips
EURCAD ShortHere we have a bearish bat on the 4 hour chat of the euro-cad. Looking at the daily chart, there has been action around the X and D points previously. Price has already dipped form the D point and looks to be making a double top! Looking through the euro across the market, all the euro pairs look ready to drop- especially those with a harmonic pattern (see euro-pound idea below). I don't tend to use indicators, but there is clear divergence across the MacD and RSI instruments Bat ratios A: 0.382-0.5 B: 0.382-0.886 C: 1.618-2.618 xD: 0.886
Short
by KyleMcQuade
6
GBP/AUD- Bullish 5-0 4 hour time frameGood afternoon folks, here we have GBP/AUD forming a bullish 5-0 on a 4 hour timeframe. The measurements for a valid 5-0 pattern are: B: 1.13-1.618 C: 1.618-2.24 D: 0.50 Price has formed at the C point of 1.76 and I'm expecting a further decline to the D point which will make this trade valid, after this I expect a reversal. The TP level is at C point The SL level is at the closest level of resistance to the D point. I hope you's all have a good week
Long
by MichaelCollins18
USDCAD ShortHere is a combination of 2 setups for this pair. On a larger frame we have an Elliot wave, with a bearish crab approaching resistance. The Elliot wave has completed its impulse and has began correction. Price has pushed to the 0.618 retracement level of the first correction wave- which is also within the vicinity of a bearish crab. If this trade comes in, I will hold until support at 1.25 with a trailing stop loss. Last time I traded a harmonic pattern within an Elliot wave was on the NZDUSD (my first Elliot Wave) and it came with MASSIVE returns! Back in November I drew up an Elliot wave with a bearish butterfly in an almost identical position to this crab. Granted, last time I traded this pattern was during the US Election, where trump was elected and the dollar soared to the stars amidst the promise of loosened tax laws. Albeit, this trade does not come with the fundamental backing of the last, I will still be looking to take a short position following the next bearish batch of candlesticks on the daily time frame *No dropping to the one hour here* Please see the attached ideas for the NZDUSD Elliot Wave, the Bearish Butterfly within the Elliot (both separate) and the previously drawn Elliot wave for this pair which I drew up back in October- 7 MONTHS AGO!!! Crab ratios B: 0.382-0.618 C: 0.382-0.886 D: 2.24-3.618 xD: 1.618
Short
by KyleMcQuade
EURGBP ShortIn this episode we are looking at a bearish bat on the euro-pound! Price has consolidated a little between the A, B and C coordinates, giving great shape to the movement. The D point is forming in an area where price has previously bounced- if the weekly chart is anything to go by, there has been a lot of action around this level. As always, I'm drawing the chart up very early; there may be economic data released that alters the direction of the final CD wave before it reaches the D point, but I will keep an eye on this pair until then. Bat Ratios B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 xD: 0.886
Short
by KyleMcQuade
1